/regulation & compliance

News and resources on regulation, compliance, legal and governance issues for banks and fintechs.

Stephen Elam

When Smart Contracts Go Wrong

Stephen Elam - Partner - Cooke Young & Keidan
Discussion
ESG’s “Waterloo” moment
Chris Kelsey

Chris Kelsey

  Interesting piece.  Love Abba ref!
Fraud prevention: The importance of technology in spotting security risks
Melvin Haskins

Melvin Haskins

  After four false positives using a VISA card I stopped using the card and moved to a Mastercard. I did not blame the business, but the fraud protection by the bank or VISA. I also found that Mastercard were very quick to discover a cloned card using my details and stopped it within minutes.
Klarna exec blasts 'mind-boggling' Barclays BNPL research
A Finextra Member

A Finextra member

  Then they will be well placed to weather the storm....  We can follow the stock price in successive funding rounds.... some more on the fundamentals:  1. Klarna’s total operating expenses climbed 70% last year to 15.7 billion Swedish krona ($1.6 billion), but total operating income rose only 38% in 2021 to 13.8 billion krona ($1.4 billion). 2. Still, Klarna said its operating losses for the 2021 calendar year widened to 6.58 billion krona, or $688.85 million, from 1.63 billion krona in 2020, Reuters reported.  3. According to data from the New York market research firm Yipitdata, Affirm dominates the U.S. market with a 40% market share, based on payments volume, followed by Klarna with 19.6%, Afterpay with 16.4%, PayPal’s Pay in 4 offering with 11% and Zip with 4.2%. The universe of rivals is rounded out by smaller players that have been acquired or will be soon, including Sezzle, which was swallowed this year by Zip. 4.As growth slows, it will become harder for BNPL providers to make money, partly because it will become more difficult to satisfy the demands of customers looking for the best deal. That in turn will make it tougher to meet the expectations of investors looking for a return on their investments. None of those efforts will be easy or cheap.
Klarna exec blasts 'mind-boggling' Barclays BNPL research
Ketharaman Swaminathan

Ketharaman Swaminathan

  No, no, the higher valuation was because of Klarna's sound business model and solid performance aka intrinsics whereas the lower valuation is because of worsening macroeconomic conditions aka extrinsics.